05/15/2014 – Crude Oil
Issued: 05/15/2014
June crude oil:
1. Our May 12 update forecast an advance in June crude oil from roughly $100.00 to $102.20, then $102.70 final upside target.
2. Yesterday’s (Wed., May 14) session advanced powerfully and completed both the $102.20 and $102.70 final upside targets (yesterday’s session high, $102.65).
3. June crude oil continues to react off the $102.70 upside target completion. Will message any further entry or indication as the market confirms.
David Williams
Issued: 05/14/2014
June crude oil:
1. Our recent May 11 report forecast that crude oil would advance from $100 to $102.20 initial upside target. Today’s (Wed., May 14) session effectively completed the $102.20 upside target (today’s session high, $102.18, so far).
2. Our later May 13 report indicated a secondary upside target at $102.70. This price target remains active and may prompt further long entry attempt. Will update as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.